Reece Past Earnings Performance
Past criteria checks 3/6
Reece has been growing earnings at an average annual rate of 16%, while the Trade Distributors industry saw earnings growing at 24.6% annually. Revenues have been growing at an average rate of 11.7% per year. Reece's return on equity is 10.8%, and it has net margins of 4.6%.
Key information
16.0%
Earnings growth rate
13.3%
EPS growth rate
| Trade Distributors Industry Growth | 25.7% |
| Revenue growth rate | 11.7% |
| Return on equity | 10.8% |
| Net Margin | 4.6% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Reece makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 9,105 | 419 | 1,932 | 0 |
| 31 Mar 24 | 9,027 | 422 | 1,918 | 0 |
| 31 Dec 23 | 8,950 | 425 | 1,891 | 0 |
| 30 Sep 23 | 8,895 | 406 | 1,868 | 0 |
| 30 Jun 23 | 8,840 | 388 | 1,857 | 0 |
| 31 Mar 23 | 8,660 | 404 | 1,807 | 0 |
| 31 Dec 22 | 8,481 | 421 | 1,758 | 0 |
| 30 Sep 22 | 8,068 | 407 | 1,675 | 0 |
| 30 Jun 22 | 7,654 | 392 | 1,592 | 0 |
| 31 Mar 22 | 7,226 | 356 | 1,630 | 0 |
| 31 Dec 21 | 6,797 | 320 | 1,669 | 0 |
| 30 Sep 21 | 6,534 | 303 | 1,475 | 0 |
| 30 Jun 21 | 6,271 | 286 | 1,281 | 0 |
| 31 Mar 21 | 6,196 | 266 | 998 | 0 |
| 31 Dec 20 | 6,122 | 247 | 716 | 0 |
| 30 Sep 20 | 6,066 | 238 | 714 | 0 |
| 30 Jun 20 | 6,010 | 229 | 712 | 0 |
| 31 Mar 20 | 5,859 | 230 | 697 | 0 |
| 31 Dec 19 | 5,707 | 230 | 682 | 0 |
| 30 Sep 19 | 5,586 | 216 | 659 | 0 |
| 30 Jun 19 | 5,464 | 202 | 636 | 0 |
| 31 Mar 19 | 4,769 | 199 | 544 | 0 |
| 31 Dec 18 | 4,074 | 196 | 453 | 0 |
| 30 Sep 18 | 3,382 | 210 | 376 | 0 |
| 30 Jun 18 | 2,689 | 225 | 300 | 0 |
| 31 Mar 18 | 2,620 | 223 | 312 | 0 |
| 31 Dec 17 | 2,551 | 221 | 323 | 0 |
| 30 Sep 17 | 2,490 | 217 | 316 | 0 |
| 30 Jun 17 | 2,429 | 212 | 308 | 0 |
| 31 Mar 17 | 2,388 | 205 | 301 | 0 |
| 31 Dec 16 | 2,346 | 198 | 295 | 0 |
| 30 Sep 16 | 2,311 | 195 | 289 | 0 |
| 30 Jun 16 | 2,276 | 192 | 284 | 0 |
| 31 Mar 16 | 2,226 | 184 | 282 | 0 |
| 31 Dec 15 | 2,176 | 175 | 281 | 0 |
| 30 Sep 15 | 2,131 | 170 | 278 | 0 |
| 30 Jun 15 | 2,085 | 166 | 275 | 0 |
| 31 Mar 15 | 2,035 | 155 | 262 | 0 |
| 31 Dec 14 | 1,985 | 144 | 249 | 0 |
| 30 Sep 14 | 1,881 | 133 | 236 | 0 |
| 30 Jun 14 | 1,776 | 123 | 224 | 0 |
| 31 Mar 14 | 1,685 | 123 | 211 | 0 |
| 31 Dec 13 | 1,595 | 124 | 198 | 0 |
Quality Earnings: REH has high quality earnings.
Growing Profit Margin: REH's current net profit margins (4.6%) are higher than last year (4.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: REH's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: REH's earnings growth over the past year (8.1%) is below its 5-year average (16% per year).
Earnings vs Industry: REH earnings growth over the past year (8.1%) did not outperform the Trade Distributors industry 19.6%.
Return on Equity
High ROE: REH's Return on Equity (10.8%) is considered low.